Stock Market & Financial Investment News

Oiltanking Partners increases dividend 5.6% to 47cOiltanking Partners announced that the board of directors of its general partner declared a cash distribution of 47c per unit, or $1.88 per unit on an annualized basis, for the Q4 of FY13. The Q4 distribution represents a 5.6% increase over the prior quarter distribution of 44.5 per unit and a 20.5% increase over the prior year distribution of 39c per unit. The distribution will be paid on February 14, to unitholders of record on February 3.

Exterran nominates five new directors to boardExterran Holdings (EXH) announced that its Board of Directors has nominated the following individuals for election to the Exterran Holdings Board at the Company’s 2015 Annual Meeting of Stockholders on April 28: Anne-Marie N. Ainsworth – former President and CEO of the general partner of Oiltanking Partners, L.P. (OILT); Frances Powell Hawes – independent financial consultant and former CFO of NCI Building Systems (NCS); James H. Lytal – independent energy consultant and former President of Gulfterra Energy Partners LP; Richard R. Stewart- former President and CEO of GE Aero Energy (GE); and Ieda Gomes Yell – Managing Director of Energix Strategy Ltd. and former President of BP Brazil (BP). “In November 2014, we announced a plan to separate Exterran’s international contract operations, international aftermarket services and global fabrication businesses into an independent, publicly traded company in the second half of 2015,” said Mark Sotir, Executive Chairman of the Board. “Our Board has nominated these additional well qualified director candidates in anticipation of certain of Exterran’s directors resigning from the Board at the time of the separation in order to join the board of directors of the new publicly traded company. We have not yet reached a final determination regarding which directors will remain on Exterran’s Board and which directors will join the board of directors of SpinCo at the time of the separation.”